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what that does, it lifts the cloud of default over the economy. the president has increased the debt limit. congress has a chance to express approval of that. it's a very smart way by the senator with impeccable credentials to lift this threat. >> you said that he never intended it to be permanent? >> but, again, it was a good idea then, it's a good idea going forward. it came from him. it wasn't our idea. that makes a lot of sense. what you said that wasn't quite right, what we laid out for them was, a detailed set of reforms in health programs, government programs over ten years, which are going to be tough, but we think they make sense. they don't like all those changes, they might want to go beyond that. but they have to tell us what those things are. you're right on the revenue side. we're proposing to let the rates go back to clinton levels. that would be a good thing to do as a sensible economic policy, and we want to combine that with tax reforms that will limit deductions. there's no surprise in this. we have been proposing this for a ver
what that does, it lifts the cloud of default over the economy. the president has increased the debt limit. congress has a chance to express approval of that. it's a very smart way by the senator with impeccable credentials to lift this threat. >> you said that he never intended it to be permanent? >> but, again, it was a good idea then, it's a good idea going forward. it came from him. it wasn't our idea. that makes a lot of sense. what you said that wasn't quite right, what we...
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Dec 8, 2012
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that is what grows the economy and creates a skilled economy. how do we get there? we need to get past where we are now. we need to get agreement that it makes a difference that we are doing basic research and funding education. that people are not on their own. on the entitlements, we can have a serious discussion once we get republicans to agree that we will not end medicare. once we get that agreement -- we will not cut benefits or cut people off of medicare or shift the costs to individual seniors and families. we will not kick people out of nursing homes. then you can have a serious discussion about how to do it and create sustainability. >> neither idea was included in boehner letter to the president. they have taken those off the table. >> yes and not. they talked about cutting $400 billion out of medicare the right way and $200 out of medicaid. make sure people get the healthcare they need in a most cost-efficient way and that they have health coverage throughout their lives. they talk about a lot of funding cuts coming out of discretionary spending and othe
that is what grows the economy and creates a skilled economy. how do we get there? we need to get past where we are now. we need to get agreement that it makes a difference that we are doing basic research and funding education. that people are not on their own. on the entitlements, we can have a serious discussion once we get republicans to agree that we will not end medicare. once we get that agreement -- we will not cut benefits or cut people off of medicare or shift the costs to individual...
WHUT (Howard University Television)
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Dec 6, 2012
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>> well, the economy was a very large issue. one of the interesting thing that happened was after the democratic convention which was very successful, i'll credit that. the right track of the country began to go up. and those that thought that the president was doing a good job on the economy went up. part of this is the democrats got energized and they were reminded what they liked about the president. of course president clinton did a good job. and the right track wrong track, he was right track of the country wrong track of the country among the electorates that actually voted was about 20 plus points closer than it was at the beginning of the race. so every campaign has to have a theory, and a rationale. and one of the key rationales of this campaign was worst economic crises since the depression, he inherited it but what has he done for it. when you look at the exit polls on those that cared about the economy the most, governor romney won. there just wasn't enough to win the election. >> rose: did you have the right theory
>> well, the economy was a very large issue. one of the interesting thing that happened was after the democratic convention which was very successful, i'll credit that. the right track of the country began to go up. and those that thought that the president was doing a good job on the economy went up. part of this is the democrats got energized and they were reminded what they liked about the president. of course president clinton did a good job. and the right track wrong track, he was...
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Dec 7, 2012
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i want to get to you on the economy. to the white house now, the november jobs report showed the fifth straight month of job gains, over 100,000. a jobless rate at the lowest level in four years. is it real or is it a mirage? joining me now allen krueger, chairman of the president's council of economic advisers. good morning to you. >> morning. >> obviously this was a jobs report that beat all expectations among economists that were looking and expecting a sandy impact. the labor department says no sandy impact. do you believe in the long 0 run we will look back at this report and not see a sandy impact? >> that's an interesting question, chuck. there was an impact in terms of over a million workers who normally work full time or part time in the reference week. so sandy did leave an impact in the data. but i think the report as a whole shows that the economy has been resilient, as i say every month when i'm on your show we're making progress. we're digging our way out of a deep hole. we're not satisfied yet. there's a l
i want to get to you on the economy. to the white house now, the november jobs report showed the fifth straight month of job gains, over 100,000. a jobless rate at the lowest level in four years. is it real or is it a mirage? joining me now allen krueger, chairman of the president's council of economic advisers. good morning to you. >> morning. >> obviously this was a jobs report that beat all expectations among economists that were looking and expecting a sandy impact. the labor...
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welcome back to the big picture i'm tom arbonne coming up in this half hour when talking about the economy everyone is always. g.d.p. that is obsessing over our nation's gross domestic product really the best way to talk about the growth and those state of the american economy and it is and it's daily take not even a month after the election and republicans are already had plans to steal the presidency in two thousand and sixteen what is everybody done once and for all the stop these attacks on the right of the people to vote. and screw news how dare someone speak up about gun violence in america well it's exactly what n.b.c. sports commentator bob costas did during sunday's broadcast of sunday night football process was addressed in the tragic murder suicide involving kansas city chiefs player j. vaughn belcher here's what to say. our current done culture with lock wrote ensures that more and more domestic disputes will end in the ultimate tragedy and that more convenient store confrontations over loud music coming from a car will leave more teenage boys bloodied and dead handguns do not
welcome back to the big picture i'm tom arbonne coming up in this half hour when talking about the economy everyone is always. g.d.p. that is obsessing over our nation's gross domestic product really the best way to talk about the growth and those state of the american economy and it is and it's daily take not even a month after the election and republicans are already had plans to steal the presidency in two thousand and sixteen what is everybody done once and for all the stop these attacks on...
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Dec 10, 2012
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that will devastate our local economy. >> at the end of the year. >> yes. something has to be done. >> putting things in reference basically? and you hear the word certainty all the time. right? talk about uncertainty for american businesses? right? >> unnecessary. it's unnecessary. i think people around the world, around the globe are looking at us for some leadership and resolution here now isn't the time. we are past the election season. let's get to work now. >> that's what the president wants to do. >> that's what the american public wants him to do as well. >> that's why he is going out today speaking in detroit to talk to workers. ible auto workers today. >> yeah. at the dangler detroit diesel detroit plant, he will be there this afternoon. secretary hilda solis in studio with us. your calls your comments welcome with those encouraging job numbers on friday. when we come back madam secretary, i would like to get your take on what is happening in michigan where the governor and the legislature in one day, on friday, said we are going to turn michigan
that will devastate our local economy. >> at the end of the year. >> yes. something has to be done. >> putting things in reference basically? and you hear the word certainty all the time. right? talk about uncertainty for american businesses? right? >> unnecessary. it's unnecessary. i think people around the world, around the globe are looking at us for some leadership and resolution here now isn't the time. we are past the election season. let's get to work now....
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Dec 5, 2012
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i think, also, yes, we're a vibrant economy. we certainly are a strong economy. i think it's really unsustainable, the level of debt that we have in this country. we have $1 trillion in debt. i heard an incredibly succinct way of describing this. rick santelli actually said it this morning about how you can't say you're cutting $800 billion when really $80 billion is really from wars that are just going away. that's not really a cut. that's taking away the addition. i think you need to be pretty conservative. i think there's going to be a rally here year end, but you have to buy conservative cash flow and look overseas. i just don't think things are as rosy as everybody thinks. >> yeah, it's a goods point. i know a couple more people who agree with you on that. let me ask you this, michael. apple, stock was under pressure. it's been in a real free fall lately after hitting the highs of the year. what do you want to do with apple here? >> now i'm going to get optimistic, maria. i think that apple is really having a problem right now in terms of their pipeline gett
i think, also, yes, we're a vibrant economy. we certainly are a strong economy. i think it's really unsustainable, the level of debt that we have in this country. we have $1 trillion in debt. i heard an incredibly succinct way of describing this. rick santelli actually said it this morning about how you can't say you're cutting $800 billion when really $80 billion is really from wars that are just going away. that's not really a cut. that's taking away the addition. i think you need to be...
SFGTV2: San Francisco Government Television
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Dec 3, 2012
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let's get this but do it in a way that exacerbates the uncertain economy. the second -- we have to happen through innovation. whether it is the space program or tax credits for renewable energy. all that is important. we have to keep that going. that will get hard because we will face is demographics. that is my 74th birthday on april 7. i am aware of the and aging population which i have become and we are an aging population relative to what we were. luckily, we have millions of fresh arrivals that are younger and are energetic and they come from all over the world. we have to make sure our education system lifts them to their highest aspirations. when the society ages, it tends to -- it declines. that is the big demographic imperative. i was reviewing one of my favorite books on the roman republic. how did this village on the tiber grow to be the absolute leader of the known world in a few hundred years? it expanded its territory by plunder, by what ever. details. it was not pretty. [laughter] it added people, it kept getting bigger and incorporated the p
let's get this but do it in a way that exacerbates the uncertain economy. the second -- we have to happen through innovation. whether it is the space program or tax credits for renewable energy. all that is important. we have to keep that going. that will get hard because we will face is demographics. that is my 74th birthday on april 7. i am aware of the and aging population which i have become and we are an aging population relative to what we were. luckily, we have millions of fresh arrivals...
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Dec 10, 2012
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children and grandchildren born in this country, have contributed -- continued contributing to this economy, and giving them the opportunity to get in the back of the line for possible citizenship down the line, that's considered amnesty, but aattack amnesty, let's talk about that and celebrate. let's remove amnesty for a bit from the discussion, because it will never be amnesty. you're not going to have a blanket one day to the next situation where 11 million people will all of a sudden get their citizenship papers in the mail. it's not that way. the options are, two, do you just ignore 11 million people that have contributed and continue contributing to this economy and to the culture of this country, or do you deal with it in a rationale way? that means the extremes on both sides of the issue need to be mitigated somehow. on the left you have people who say absolutely no way that these people can get any kind of, you know, positive future for them because they'll never join a union. on the other side, you have people who say under no circumstances should these people be granted anything
children and grandchildren born in this country, have contributed -- continued contributing to this economy, and giving them the opportunity to get in the back of the line for possible citizenship down the line, that's considered amnesty, but aattack amnesty, let's talk about that and celebrate. let's remove amnesty for a bit from the discussion, because it will never be amnesty. you're not going to have a blanket one day to the next situation where 11 million people will all of a sudden get...
SFGTV2: San Francisco Government Television
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Dec 5, 2012
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the economy is somewhat under $2 trillion. there is dynamic wealth creation in many respects. since the time i was last governor, a lot of people and businesses have moved elsewhere or the have died, gone out of business. also, a lot of people have moved here by the millions. we have 38 million people. people thought the green was here a and we have -- and we have all kinds of businesses. twitter, google, zynga, it is pretty incredible. what has happened. a lot of things going on. our budget, we have a mess, i inherited a budget deficit of $26 billion. we have cut that substantially. from the mortgage meltdown that occurred because of the bad decisions and this behavior throughout our economy, the revenue in california is up 23%. that is a big number. america, the asset values were destroyed, something like $7 trillion. a lot of that was a bubble. that was popped and resulted -- we have had to manage a difficult situation. even before the bubble popping, there was excess. because the money flows in in a regular amounts, when money is good, everybody feels good. when $14 billio
the economy is somewhat under $2 trillion. there is dynamic wealth creation in many respects. since the time i was last governor, a lot of people and businesses have moved elsewhere or the have died, gone out of business. also, a lot of people have moved here by the millions. we have 38 million people. people thought the green was here a and we have -- and we have all kinds of businesses. twitter, google, zynga, it is pretty incredible. what has happened. a lot of things going on. our budget,...
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Dec 7, 2012
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the economy. that means making tough choices rainout. make them for the future. getting the spending cuts. how do we do that in a way that is agreed to and we can get it done and not all that bad periods also, that we raid hard dollars now. make investments that insure our veness forompetiti the future. it is an important message to americans as individuals so government can function. we have made decisions that have benefited the middle class. that is what has made this country great. everyone that you have heard from in this poll has said, we are great americans. we need our garment to help us do this and move us forward. if we want to be innovative, that does not happen. a lot of that comes from the investments we have made in education, in how we do our tax policy and we innovative in advance manufacturing? these are things we could to. there are sectors we could get rid of. it would be important to the investor community and business community. there are companies that are sitting on millions
the economy. that means making tough choices rainout. make them for the future. getting the spending cuts. how do we do that in a way that is agreed to and we can get it done and not all that bad periods also, that we raid hard dollars now. make investments that insure our veness forompetiti the future. it is an important message to americans as individuals so government can function. we have made decisions that have benefited the middle class. that is what has made this country great. everyone...
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find out what's really happening to the global economy. cars are no holds barred the global financial headlines. a report on. the emission free credit take three months for charges free. agency three. three. priests the old city block plug in video for your media projects a free media. the a. player.
find out what's really happening to the global economy. cars are no holds barred the global financial headlines. a report on. the emission free credit take three months for charges free. agency three. three. priests the old city block plug in video for your media projects a free media. the a. player.
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Dec 9, 2012
12/12
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forbes, "how capitalism will save us: why free people and free markets are the best answer in today's economy" elizabeth ames, first of all, tell us about yourself and your personal experience, particularly when it comes to economics. >> i've been a finance journalist, but i've also been on both sides of the press release. so i started as a journalist and have my own pr business and they've also done projects, communication projects with clients. among them, co-authored the book. basically i were to steve forbes and conversations led to the idea for this book. >> how did you meet steve forbes? >> i met him at an event i did when i was working in southern california and one thing led to another. i moved back to new york. i am from new york and started working at "forbes" of the pr department. >> elizabeth ames, or practical experience, how do that that? >> i've learned a lot since "forbes." when i sat "forbes" islandwide about markets. again, i began as a journalist and worked at "businessweek" many years ago as a journalist. but when i started to work as an entrepreneur, i learned about the f
forbes, "how capitalism will save us: why free people and free markets are the best answer in today's economy" elizabeth ames, first of all, tell us about yourself and your personal experience, particularly when it comes to economics. >> i've been a finance journalist, but i've also been on both sides of the press release. so i started as a journalist and have my own pr business and they've also done projects, communication projects with clients. among them, co-authored the...
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Dec 6, 2012
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that's not what we believe is the kind of activity will get our economy and jobs rolling again. >> the white house will argue they're not the ones holds out to protect the top 2%, that it's the republicans doing that. >> great point, chris, the problem is what the president is holding out for is a nonsolution. the tax increases that the president wants on the top 2% will run this government not for eight years or eight weeks or eight weeks but run this government for eight days, which means it's not a solution. the president is not interested in real policy solutions by evidenced by what he has proposed, he's interested in politics and that's the challenge that we have a getting through that and making certain that we not be talking politics, we talk about positive policy for american people, getting committee rolling and getting jobs created. >> the administration, as we've been saying, has said they're prepared to go over the cliff. we heard that from tim geithner. if republicans refuse to raise taxes on the wealthy and john boehner said yesterday that's unacceptable, though he admit
that's not what we believe is the kind of activity will get our economy and jobs rolling again. >> the white house will argue they're not the ones holds out to protect the top 2%, that it's the republicans doing that. >> great point, chris, the problem is what the president is holding out for is a nonsolution. the tax increases that the president wants on the top 2% will run this government not for eight years or eight weeks or eight weeks but run this government for eight days,...
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Dec 2, 2012
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the world economy doesn't know. my question is this. would the republican party like to go over the cliff hanging onto that 2% rich people and say that's why they did it? can they live with themselves if they do it? >> they have -- in some ways the politics for boehner becomes easier. i don't like to call it a cliff. after they go down the slope. >> why? >> because if nothing happens between now and the oerchd the year, all the tax cuts, puff, they disappear. you come back the first week in january and you pass a bill and then the tee partiers, boehner can make the argument to them if twhanlt to be reasonable. now you're voting for a tax cut. not for everyone but for 98%. before that happens the tea party people will say we're voting to raise taxes on the research. if you're voting to let it happen on its own -- >> do you people buy that story? they know what the mechanics of this thing are. >> let me finish one second. the tea partiers have to worry, some of them,ing being challenged from the right if they vote for anything resembling
the world economy doesn't know. my question is this. would the republican party like to go over the cliff hanging onto that 2% rich people and say that's why they did it? can they live with themselves if they do it? >> they have -- in some ways the politics for boehner becomes easier. i don't like to call it a cliff. after they go down the slope. >> why? >> because if nothing happens between now and the oerchd the year, all the tax cuts, puff, they disappear. you come back the...
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it's going to go down as his economy. i ask people who was speaker of the house during the great depression when roosevelt was president. i'll give a hundred dollars to anyone who can name who the speaker of the house was in the critical first hundred days -- >> jim over there would know. >> henry thomas reigny. now, there's a name in the history books. point being, the speaker is an important player, this is significant, but it is obama's job to lead and define so if there's negative consequences here, particularly in the economy, it's going to be in the obama era, things didn't get fixed. who is it? the australian finance minister who says the united states is one budget deal away from being a great country. there's a lot of people in business who think we are poised to do some really good things in the global economy, the united states is, but if we can't untangle this mess, it's not going to happen. >> you know about the inner workings in the government more than any living person, every single administration of our l
it's going to go down as his economy. i ask people who was speaker of the house during the great depression when roosevelt was president. i'll give a hundred dollars to anyone who can name who the speaker of the house was in the critical first hundred days -- >> jim over there would know. >> henry thomas reigny. now, there's a name in the history books. point being, the speaker is an important player, this is significant, but it is obama's job to lead and define so if there's...
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what so first of all i actually personally don't think the economy is a zero sum game i think that it is possible and there have been times in economic history when you know the country has grown together an error that is often cited is that post-war era and i think part of the reason that in the sort of collective national memory that era of the fifty's the sixty's is bathed in such an awesome. it is if you look at the data it was a period when as one economist has put it america grew together so you can have a combination of you know you can have widely shared economic growth but i would agree with you tom that what we're seeing today the way we're seeing the economy work today is you know i see it as this corn with two very different sides the the same economic forces that are driving the rise of the plutocrats including in particular you know a hedge fund billionaire like we could permit are also hollowing out the middle class are driving down middle class wages and in answer to the second part of your question no i certainly don't think that most of the plutocrats are willing to
what so first of all i actually personally don't think the economy is a zero sum game i think that it is possible and there have been times in economic history when you know the country has grown together an error that is often cited is that post-war era and i think part of the reason that in the sort of collective national memory that era of the fifty's the sixty's is bathed in such an awesome. it is if you look at the data it was a period when as one economist has put it america grew together...
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Dec 4, 2012
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and i think the better for them and the economy. robert frank will join us with some very arresting numbers. high tax, fewer millionaires. not good. two years ago, the people of bp made a commitment to the gulf. bp has paid over twenty-three billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. >>> 28 days until the country plummets off the tax and fiscal cliff. big tax hikes could be coming for everyone but we see also a drastic reduction in the number of millionaires in the u.s. as a result of this tax cliff. robert frank joins us now with the details. good evening, robert. >> good evening. drastic is right. if we go over the cliff the wealthy will become less wealthy and fewer americans would become wealthy. the u.s
and i think the better for them and the economy. robert frank will join us with some very arresting numbers. high tax, fewer millionaires. not good. two years ago, the people of bp made a commitment to the gulf. bp has paid over twenty-three billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more...
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horribly inefficient way to grow an economy. >> it's interesting you say that. i feel like one day we're going to back and say, remember whe could borrow at 3% to buy a house. if companies have to borrow the money to pay a dividend, why issue a dividend? >> well, i think we forgot whose money it is. it's the shareholders' money through the company. tax law makes it very difficult to bring the money back in. they've already made the money selling their products and service around the world. so it's much cheaper with low interest rates the way they are to borrow the money and pay the dividends to the shareholders. the tax code actually just represents a very inefficient methodology of transferring the profits to the shareholders as well as influencing where companies are likely to be looking for future profits around the world. >> they've talked in washington periodically about a moratorium on allowing corporations to repatriate some of that money without a tax a consequence. that would help to some degree, wouldn't it? >> absolutely. that would be a very fabulous
horribly inefficient way to grow an economy. >> it's interesting you say that. i feel like one day we're going to back and say, remember whe could borrow at 3% to buy a house. if companies have to borrow the money to pay a dividend, why issue a dividend? >> well, i think we forgot whose money it is. it's the shareholders' money through the company. tax law makes it very difficult to bring the money back in. they've already made the money selling their products and service around the...
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. hi, i'm ensure clear... clear, huh? i'm not juice or fancy water. i've got nine grams of protein. that's three times more than me! [ female announcer ] ensure clear. nine grams protein. zero fat. in blueberry/pomegranate and peach. nine grams protein. zero fat. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. >>> after president obama was sworn into office in january 2009, he decided that his first tv interview, his first tv interrue he would give as p
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. hi, i'm ensure clear... clear, huh? i'm not juice or fancy water. i've got nine grams of protein. that's three times more than me! [ female announcer ]...
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Dec 6, 2012
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rowe price, we understand the connections of a complex, global economy. t's just one reason over 75% of our mutual funds beat their 10-ar lipper avage. t. rowe price. investwith confidence. request a prospectus or summary prospectus with investment inforon, before investing.xpto ready gives you 1% cash back on all purchases, plus a 50% annual bonus. and everyone...but her kes 50% more cash. but i'm upping my game. do you want a candy cane? ye doant the puppy? yes! do you want a tricycle? yes! do you want 50 percent me cash? no! ♪ festive. [ male announcer ] the capital one cash rewards card gives you 1% cash back on every purchase plus a 50% annual bonus on the cash you earn. it's the card for people who li more cash. what's in your wallet? >>> in the rewrite tonight, politics gangham style? >> you did okay. >> we got a lot of tweets about the pronunciation. when you say gangham the initial g is halfway between a g and k but don't aspirate the k. i don't know what that means. let's get the official, correct pronunciation from our digital producer. >> th
rowe price, we understand the connections of a complex, global economy. t's just one reason over 75% of our mutual funds beat their 10-ar lipper avage. t. rowe price. investwith confidence. request a prospectus or summary prospectus with investment inforon, before investing.xpto ready gives you 1% cash back on all purchases, plus a 50% annual bonus. and everyone...but her kes 50% more cash. but i'm upping my game. do you want a candy cane? ye doant the puppy? yes! do you want a tricycle? yes!...
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Dec 7, 2012
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18% say yes, the economy is getting stronger. 32% say no. more americans have just stopped looking for jobs. 16% say the jury is out, still worried about the fiscal cliff and 34% say i think the number is bogus to begin with. let's see what's coming up on "street signs." >>> wow. not sure i can top that one, tyler. but thank you. have we become a nation of pessimists whether our expectations for job creation has dropped so low or are we just realists? netflix ceo getting himself into hot water with a facebook post. does the s.e.c. really have a case against him or do the laws need to change with regard to social media? >>> and could pot help us solve our fiscal problems? guys, we are calling this the fiscal splif and we will rise above it, mon. "street signs" it is australian for business news. >> thanks, brian. see you at 2:00 p.m. >>> steve case is one of america's greatest entrepreneurs, best known as co-founder of america online, along with dozens of other investments such as living social and zip car and really too many to name. these d
18% say yes, the economy is getting stronger. 32% say no. more americans have just stopped looking for jobs. 16% say the jury is out, still worried about the fiscal cliff and 34% say i think the number is bogus to begin with. let's see what's coming up on "street signs." >>> wow. not sure i can top that one, tyler. but thank you. have we become a nation of pessimists whether our expectations for job creation has dropped so low or are we just realists? netflix ceo getting...
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Dec 5, 2012
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it's bad for -- it's certainly bad for the economy and it's also been bad for the economy brand. it's the reason that they were unsuccessful in the polls and by two to one if we don't reach a deal for the fiscal cliff. and it's also the reason why you see voters very clearly support having the wealthiest pay a little bit more. it the one proposal that is consistently -- it received strong support from a ma sdwrort majority of reporters and they dig their heels in and say we don't support this. they are on the wrong side of politics, wrong side of what history supports. it's just a bad strategy all the way around. >> now, what happened last time we held the debt ceiling hostage, it led to the first credit down grade in u.s. history. the stock market dropped 1300 points in 2011 and the gop rating dropped 11 point, congresswoman. do we needç to play this game again? >> no. and that's why the president went to the business roundtable. this is a very unpopular and there are real kwens. the downgrading of our credit rating is consequential to say that he's not playing that game anymo
it's bad for -- it's certainly bad for the economy and it's also been bad for the economy brand. it's the reason that they were unsuccessful in the polls and by two to one if we don't reach a deal for the fiscal cliff. and it's also the reason why you see voters very clearly support having the wealthiest pay a little bit more. it the one proposal that is consistently -- it received strong support from a ma sdwrort majority of reporters and they dig their heels in and say we don't support this....
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Dec 10, 2012
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>> we think we are one of the last remaining organizedd forces in the economy that fight to invest that revenue and get the people back to work. because the private sector by itself is not generating the millions of more jobs. so it's about jobs and making sure we do not cut vital services to the people desperately need them. it's not just about the services, but it's also about stabilizing the employment of people in the healthcare and social security sector. so we have got to get back to work and protect services. that's why we think it's incumbent on us to have this fight as well. >> thank you for your time thank you for your time. next any time a right to work battle props up the meddling koch brothers are sure to pop up. and from cory booker to ted cruz to hillary clinton it seems the most interesting head figures these days are drank the kool-aid. and we'll give you a few gift ideas to help bury the hatchet. ♪ >>> it's not just governor snyder and michigan republicans that unions are battling you'll never guess who is funding their efforts. that's right think kochtopus. they do
>> we think we are one of the last remaining organizedd forces in the economy that fight to invest that revenue and get the people back to work. because the private sector by itself is not generating the millions of more jobs. so it's about jobs and making sure we do not cut vital services to the people desperately need them. it's not just about the services, but it's also about stabilizing the employment of people in the healthcare and social security sector. so we have got to get back...
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Dec 10, 2012
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., a discussion on how in log -- how education and innovation can help of the economy. live at 9:00 a.m. on a c-span2, a discussion on the impact of the latino vote in debt -- in the 2012 election. at 9:00 a.m. on c-span 3, you center forum on the voter experience in light of changes to state voter laws. >> i think people still love discovery. i do not mean the channel, but finding surprise. every month or every year, i giggled little bit about some show that people are suddenly talking about that i don't think you could have ever imagined before. mike, i want you to choose honey boo-boo, or a certain food channel network. i do not think if i had to grit -- i had to predetermined that would be my preference, i would have guessed that. what i hear people talking about, dabbling around, you know what, i kind of like honey boo boo. i think that is a huge part of the american television experience. i think it is sold short when we get to technostatic about it. i think americans love the enjoyment of escapism and passivity and roaming around the tv jungle. >> michael powell
., a discussion on how in log -- how education and innovation can help of the economy. live at 9:00 a.m. on a c-span2, a discussion on the impact of the latino vote in debt -- in the 2012 election. at 9:00 a.m. on c-span 3, you center forum on the voter experience in light of changes to state voter laws. >> i think people still love discovery. i do not mean the channel, but finding surprise. every month or every year, i giggled little bit about some show that people are suddenly talking...
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it will go down as his economy. i ask people, who was speaker of the house during the great depression when roosevelt was president. i will give $100 to anyone who can name to the speaker of the house was in that critical first 100 days. henry thomas are rainey. there is a name that is in the history books. the point of being that speaker bay near -- speaker john boehner is an important player, but it is obama's job to lead and the fine. if there are negative consequences here, it will be in the obama-era that things did not get fixed. who is the australian finance minister who says we are deep -- the united states is one of budget deal away from being a great country. and there are a lot of people in business who think we are poised to do some really good things in the global economy, the united states is. but if we cannot untangle this mess, it is not going to happen. >> you know more about the inner workings of our government than any living person. every single administration of our lifetime, you have been behin
it will go down as his economy. i ask people, who was speaker of the house during the great depression when roosevelt was president. i will give $100 to anyone who can name to the speaker of the house was in that critical first 100 days. henry thomas are rainey. there is a name that is in the history books. the point of being that speaker bay near -- speaker john boehner is an important player, but it is obama's job to lead and the fine. if there are negative consequences here, it will be in...
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that will destroy economy. no spending controls. >> shannon: across the board, bad things are going to happen. both sides of this equation agree if we go over the cliff. senator graham seems convinced that is what is going to happen. >> i'm not convinced it would happen. but the road we are going down right now is more likely to happen. we can't avert it. but i hope that the republicans will not cave in to the democrat demands. more taxes, more spending, cuts later, because the cuts never happen. we are at a crossroad now. the president has an opportunity to lead. he has to get involved rather than run all over the country and politic. the election is over. but this is real stuff now. it affects everybody in america. it will affect our economy. >> shannon: absolutely. now you say you don't want to see republicans blink fire department you talk about the revenue on the table are you opposed to raising the tax rates? >> the first thing i'm opposed to raising rates. individual taxes. a lot of ways to skin the cat
that will destroy economy. no spending controls. >> shannon: across the board, bad things are going to happen. both sides of this equation agree if we go over the cliff. senator graham seems convinced that is what is going to happen. >> i'm not convinced it would happen. but the road we are going down right now is more likely to happen. we can't avert it. but i hope that the republicans will not cave in to the democrat demands. more taxes, more spending, cuts later, because the cuts...
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instead of working with congress face to face to save the economy. president obama is trying to gets had way by doing what he does best. campaigning and making speeches about the fiscal cliff. the president never presented a plan until this week . the reception on capitol hill was to say the least chilly. senator mcconle laughed at the proposal when presented to him. joining me is allen west. colonel thank you for being here. [ applause ] what wasyour reaction when you finally saw what the president put on the table? >> i was in complete shock. it has nothing to do with reality. if you look at the president's propose to raise taxs and 50 billion more in stimulus spending and want to extend 99 weekings of unemployment benefits which is it a 30 billion a year . the other thing that troubling is that the president wants his own control of raising the debt ceiling . so i don't think we have a president that is serious about getting the debt under control and deficit and government spending under control especially when you understand that we have ha and
instead of working with congress face to face to save the economy. president obama is trying to gets had way by doing what he does best. campaigning and making speeches about the fiscal cliff. the president never presented a plan until this week . the reception on capitol hill was to say the least chilly. senator mcconle laughed at the proposal when presented to him. joining me is allen west. colonel thank you for being here. [ applause ] what wasyour reaction when you finally saw what the...
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Dec 8, 2012
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is that the way to power a 21st century economy? i think that could be one of the forces that is a counterbalance to the economics so that the economics are the toughest one. >> the problem is it's so opaque, right? this is why i think the politics get so tricky. what is my utility company? as a citizen i don't know. he they send me a bill, but if you ask how many people work for it or what degree it's public and private, all is remarkably shrouded in complexity. >> it is utility regulation that's one area in our economy where your right to be heard and have public interest in is embedded into the regulatory system unlike the oil industry and gasoline provision which is a utility function. it isn't regulated in the public interest. to come back to this price discussion here, the history of oil and gas prices, the history of commodity prices in general is that they fluctuate. they go up and down, and on the base of price signals, people shut down wells when pieces are too low, supply contracts, prices go up and people boom. >> it's a
is that the way to power a 21st century economy? i think that could be one of the forces that is a counterbalance to the economics so that the economics are the toughest one. >> the problem is it's so opaque, right? this is why i think the politics get so tricky. what is my utility company? as a citizen i don't know. he they send me a bill, but if you ask how many people work for it or what degree it's public and private, all is remarkably shrouded in complexity. >> it is utility...
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republicans say it will hurt the economy. congressman tom price out of georgia saying quote, the tax on medical devices harms america's ability to conduct necessary research and development maintain our global competitiveness resulting in loss of tens of thousands of jobs and fewer groundbreaking innovations in this field. with millions of americans unemployed this simply makes no sense. stephen moore, senior writer for "the wall street journal." how are you doing, steve? good morning. >> hi, bill. bill: they're saying 43,000 jobs because of this. what, a latex glove gets taxed? i thought it was just like on mri machines and big items like that? >> actually, no. thank you for doing this segment because a lot of americans don't realize when the president calls for all the new taxes in the fiscal cliff negotiation, mr. president we already have a big tax increase that will hit on january 2nd. that of course is the obamacare taxes. you mentioned one of them, the tax on medical devices and medical equipment, bill, which i agree w
republicans say it will hurt the economy. congressman tom price out of georgia saying quote, the tax on medical devices harms america's ability to conduct necessary research and development maintain our global competitiveness resulting in loss of tens of thousands of jobs and fewer groundbreaking innovations in this field. with millions of americans unemployed this simply makes no sense. stephen moore, senior writer for "the wall street journal." how are you doing, steve? good...
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you cut taxes, you grow the economy, you reduce the deficit. it almost seems like someone who would have tried to run for president maybe on a line like that. surely republicans could win on that platform unless it didn't win. >> exactly. they've all been quick to distance themselves from mitt romney, except they have presented his plan as their own. i guess maybe it was their plan to begin with in the form of paul ryan, and, you know, look, it's just not going to fly with the american people and the days go on. what i really think, if i were giving them political advice, i think tom cole, a representative among them who is probably one of the smarter political tacticians in their party gave them some advice. let's get this over with. let's not be the party that looks like we're only looking out for the top 2%. but that's really, martin, exactly what they look like. the differences here i think to most americans are fairly small. let's keep taxes low for 98% of americans and lets ask the wealthy to pay a little more but it looks like republican
you cut taxes, you grow the economy, you reduce the deficit. it almost seems like someone who would have tried to run for president maybe on a line like that. surely republicans could win on that platform unless it didn't win. >> exactly. they've all been quick to distance themselves from mitt romney, except they have presented his plan as their own. i guess maybe it was their plan to begin with in the form of paul ryan, and, you know, look, it's just not going to fly with the american...
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number of number of people saying this it's you know pretty pretty obvious the banks just crashed the economy if we simply put eight point two five percent or even a point one percent tax on every stock transactions called a security security transaction excise tax stepped excess t.-t. is what they used to be called abraham lincoln put it on track stock trades to help pay for the for the civil war then then it went away through the through the gilded age and then in one thousand nine hundred eight one thousand nine hundred eight the mckinley administration put it back into place to pay for the spanish-american war it stayed there until the one nine hundred thirty s. f.d.r. took that step tax and doubled it in order to pay for the securities exchange commission and stood on the books until nine hundred sixty four and in fact it was generating so much money in sixty four so much extra money so much more money than they needed to pay for the u.s. as you see that l.b.j. said. let's just do away with that with you know i get a little encouragement from wall street no doubt and now it's gone but a
number of number of people saying this it's you know pretty pretty obvious the banks just crashed the economy if we simply put eight point two five percent or even a point one percent tax on every stock transactions called a security security transaction excise tax stepped excess t.-t. is what they used to be called abraham lincoln put it on track stock trades to help pay for the for the civil war then then it went away through the through the gilded age and then in one thousand nine hundred...
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economy. at 11:00 p.m., another chance to see "q&a"
economy. at 11:00 p.m., another chance to see "q&a"
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. >> although that hurts the economy, too. >> everything hurts the economy. so it's a question of which is most -- or least harmful and that tends to be cutting government spending. >> but i do think it's -- >> although tim geithner would disagree with me. >> one side wants to keep the government and entitlements like we have it. and the other side wants to take away all the excess government -- >> i think both sides agree that you need to do both. just a question of how much. >> we need to do both to do a deal. i don't think both sides dwre that it's the right thing to do. just to get a deal done. >> i think moderates in both parties -- >> people on the right think we're plenty big. and there are other people on the left that would like to do more social -- even grow government and pay for it up to 70%. so there are people. >> all right. when we come back, we'll talk about why manufacturing optimism is falling and falling fast. but first, gangnam style is on its way to racking up 1 billion views on youtube. with one song, this 34-year-old is set to become a
. >> although that hurts the economy, too. >> everything hurts the economy. so it's a question of which is most -- or least harmful and that tends to be cutting government spending. >> but i do think it's -- >> although tim geithner would disagree with me. >> one side wants to keep the government and entitlements like we have it. and the other side wants to take away all the excess government -- >> i think both sides agree that you need to do both. just a...
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>> encore cost nearly $2.3 billion, a risky bet in a bad economy. why, in this economic environment, would you open a hotel? >> well, i'll tell you right now that if i had any idea this-- i wouldn't, if i had a choice, but this project was started four years ago. these things have a huge lead time. >> the gambling industry has been battered by the recession and taken the city of las vegas down with it. some casinos stand half built. unemployment is over 10%. and while steve wynn has had to slash employees' pay and lower room prices, he plows ahead, doing whatever it takes to get customers to his new hotel. >> this is encore. [dramatic orchestral music] ♪ >> and, yes, he really was sitting on top of the building. >> next time, we do this in the lobby. >> the encore is connected to his other las vegas hotel, the wynn, and he has a third in macau, china. inside, his hotels are fantasy lands for well-heeled adults. he brought gourmet restaurants and high-end shopping to the strip. his hotels may be extravagant, but his business strategy is conservativ
>> encore cost nearly $2.3 billion, a risky bet in a bad economy. why, in this economic environment, would you open a hotel? >> well, i'll tell you right now that if i had any idea this-- i wouldn't, if i had a choice, but this project was started four years ago. these things have a huge lead time. >> the gambling industry has been battered by the recession and taken the city of las vegas down with it. some casinos stand half built. unemployment is over 10%. and while steve...